Tag Archives: Forex Markets
USD/JPY…Pattern Alert
A close over 79.19 USD/JPY puts in an outside reversal day. The futures match comes in @ app 126.34. If you’re looking for a high in the Yen, this is as good a spot as any! The stop coming in … Continue reading
USD/CHF…Gold
Matching up the pieces of the puzzle. 82.75-90 USD/CHF will be dollar resistance the first time in. This is app 120.60-70 ish in the Futures. This level should match up fairly well with the Gold around 1575. Any short term … Continue reading
USD/CAD…Canadian Dollar…FXC
The monthly stops are just below 94.45 USD/CAD ( app 105.76 Futures) Upon a breach of the stops, We are selling 25% of our long FXC position to pay for our stop, which will then be raised accordingly.
EUR/CHF…LONG EURO/SHORT SWISS FRANC
Everyone has been selling Euro since the opening bell in Asia last night. EUR/CHF has quietly rallied a figure from the early lows in NYC session.I am sending this chart as a visual aid for any Euro bears! This cross … Continue reading
A.M. Look 7/18/11
The fear trade continues…Short Euro/Long Metals.. 1298-1302 S&P 500 futures is still a key technical level. This continues to be a market for short time frame traders, while stocks like AAPL have become the recipient of a seeming flight to … Continue reading
CANADIAN DOLLAR…USD/CAD
ETF traders can buy some FXC before the close today..We’ll honor the chart pattern. The current stop is 102.45, it’s trading at 104.22 Cash or Futures traders might be better served by waiting until Sunday to assess the price action … Continue reading
Canadian Dollar…USD/CAD
A close below 95.58 USD/CAD puts in an outside reversal week in Canada. The commensurate futures price is a close above 104.32 ( pit) 104.37 ( all session). We’ll use 104.37. Closing over this level in the futures ( below in USD/CAD) … Continue reading
A.M. Look 7/11/11
Today traders should pay close attention to last Friday’s lows in the Equity indices and 118.07 EUR/CHF. There are stops building under these lows. This will make today another price action trade. Pressing follow through the first time at these … Continue reading
ROAD TRIP
I will be in Europe meeting with clients next week Do not expect updates through mid week Use a break-even stop for the EWH AAPL…use a 354 stop close on any remaining longs. AUD/USD…For those of you who are trading … Continue reading